Tags Posts tagged with "uttar pradesh"

uttar pradesh

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Modi government has advanced the presentation of the Budget by one month

Modi government has advanced the presentation of the Budget by one month, it has removed the separate Railways Budget and it has merged the two categories of “planned” and “non-planned” spending.

According to the Part I of the Economic Survey presented at the beginning of Budget session, growth for fiscal year 2016-17 was 7.1%. Its deflated value is due to demonetisation. Survey implicitly blames the high interest policy of the RBI for thwarting industrial growth.

According to it, the continuing deflationary trends rise from:

  • Lower investment ratio.
  • Low farm prices.
  • The cutting back on development spending by State governments.
  • The twin balance sheet problem.

The Survey mentions Uttar Pradesh which had to slash its development spending by 13% in order to waive the farm loan.

However, the situation at the Centre is improving. Exports are positive. Four major reforms are taken:

  • GST.
  • A new insolvency and bankruptcy code to deal with NPAs.
  • A new monetary policy framework.
  • Aadhaar linkage.

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Mulayam Singh Yadav as openly thrashed his son Akhilesh Yadav for not respecting him and blamed that he had insulted him and the voters thought that if he was not loyal to his father, cannot be loyal to anyone.

Mulayam Singh Yadav also feels that this is the biggest reason why the party faced such a great defeat from BJP in Uttar Pradesh even after taking support of Congress party which also played a negative role on the elections.

Mulayam further told that he still has to decide on whether to make a new party or not.

He was very angry with his son’s defeat and for the first time he has openly said such harsh words about his son in the front of media.

This could be again apolitical gimmick to take sympathy of public because maybe he wants to form a new party and for that party he is again building a confidence in the public but this time without Akhilesh Yadav.

He said “I was badly insulted, which I had never faced in my life. Nevertheless, I tolerated. No leader of any party in India had made his son a chief minister during his lifetime, but I made Akhilesh the Chief Minister of UP.”

But now nothing much can be done about the Samajwadi party’s defeat and they will have to wait for five years.